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Fresh Towels? Mints Under Your Pillow? Coming To An Apartment Near You...

Fresh Towels? Mints Under Your Pillow? Coming To An Apartment Near You...

The hotel to apartment conversion is bleeding into company directives. Marriott launches new apartment brand aimed at longer term travelers.

Conner Burton
November 13, 2022

What's up Calculated Investors.

The hotel to apartment conversion is bleeding into company directives. Marriott International announces a new brand to jump into the apartment game.

"Apartments by Marriott Bonvoy" will have units with a separate living room and bedroom, full kitchen, and in-unit washer and dryer. Residents will include travelers and longer term tenants that are looking for traditional amenities not found in hotel lodging.

Fannie Mae released their October National Housing survey. The results aren't pretty as consumer confidence across the housing market spectrum is the lowest we have seen since 2011.

Despite negative headlines, several top end REITS posted booming Q3 profits. They are taking advantage of low levels of corporate debt and several years before debt maturity. Inflation increases on the expense side have been mostly absorbed by the residents.

Crypto takes a knife to the gut, as major exchange FTX implodes in a matter of days. Customers accounts locked up, withdraws frozen. We are talking billions of dollars. Nasty stuff. As you can imagine, our friendly real estate investors took to social media and flexed all over everyone with their "real assets".

Construction continues to face pricing challenges, and I'm starting to see an uptick on HELOC advertisements.

Let's get into it. 💲🏠💲

Calculated Market

Rising rates leads to fewer deals across entire Real Estate spectrum (CNBC)
Consumers less confident than ever in housing market (FANNIE)
The US and China now account for half the world's household wealth (VISUAL)
October inflation report shows consumer prices rose 7.7% from previous year (WSJ)
Top Office developers hit pause on new projects (WSJ)
What Real estate needs to know following US mid-term elections (BISNOW)
Redfin reports $90M loss, lays off hundreds of staff (REALDEAL)
CRE sentiment slumps again in Q3 as broad market concerns grow (GLOBE)
Companies still have too much office space - And they can't sell it (CNBC)
Multifamily lending in the US dives 13 percent in Q3 (WORLDPROP)
Jobless claims start to rise, but overal numbers remain historically low (WSJ)
Vultures circle as distress looms for real estate assets (REALDEAL)
The post-COVID change in owning multifamily units (GLOBE)
Distressed Chinese developer sells LA Tower for massive discount (WSJ)
Pandemic-era construction pricing challenges "far from over" (GLOBE)
3 Intruiging bargains in apartment REITS (SEEKING)
The Middle class wealth boom is over (BP)
6 Fast growing cities with booming retail (CONNECT)
Forecasting the future of warehouse demand (GLOBE)
Marriot launches apartment-style brand aimed at remote workers (BISNOW)
Affluent tenant based well positioned to absorb rent hikes (CRENEWS)
US Job market remains historically strong (REALPAGE)
Rent cuts follow a 2 year streak of historic growth (REALPAGE)
Profits soared in Q3 for public landlords as REITS manage smartly (BISNOW)
CRE lenders search for creative solutions to keep cash flowing (WEALTH)
Home equity line of credit (HELOC), The right tool for the right time? (USATODAY)